Top ten oil & gas sector M&A financial and legal advisers for Q1-Q3 2019 revealed

13 November 2019 (Last Updated November 15th, 2019 10:07)

Goldman Sachs was the leading financial adviser globally for mergers and acquisitions (M&A) in the first three quarters (Q1-Q3) of 2019 in the oil & gas sector, according to GlobalData.

Top ten oil & gas sector M&A financial and legal advisers for Q1-Q3 2019 revealed

Goldman Sachs was the leading financial adviser globally for mergers and acquisitions (M&A) in the first three quarters (Q1-Q3) of 2019 in the oil & gas sector, according to GlobalData.

The American multinational investment bank topped the rankings with a deal value of $214.4bn, by advising on 17 deals during the period. Bank of America Merrill Lynch stood at second position with $177.6bn earned on advising 20 deals.

Citigroup occupied third place with 25 deals worth $176.3bn.

Goldman Sachs also led the GlobalData’s Q1-Q3 2019 ranking of top 20 financial advisers for global mergers and acquisitions. Bank of America Merrill Lynch secured sixth position in the global list.

GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If the value remains the same for multiple advisers, the deal volume is given weightage.

The oil & gas sector saw a 12% decrease in deal value from $469.42bn in Q1-Q3 2018 to $384.76bn in Q1-Q3 2019. Deal volume declined by 18% from 1,885 to 1,650.

Vinson & Elkins led the top ten legal advisers table for Q1-Q3 2019 with a total deal value of $158.2bn on the strength of 59 deals. Second-ranked Wachtell, Lipton, Rosen & Katz advised on five deals worth $111.2bn. White & Case came in a close third with $107.2bn through 14 deals.

Top ten leader Vinson & Elkins secured 19th position in the global league table of top 20 legal advisers for Q1-Q3 2019 released by GlobalData recently.

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.

To ensure further robustness to the data, the company also seeks submissions from leading advisers through adviser submission forms on GlobalData’s website.